For Immediate Release
September 24, 2020
PA Chamber President and CEO Gene Barr issued the following statement in regards to Gov. Tom Wolf’s veto of H.B. 2025; legislation that would require a more deliberative process with respect to the state’s potential participation in the Regional Greenhouse Gas Initiative, a cap-and-trade program for the power generation sector.
“As we have noted before, the governor’s decision to have the Commonwealth join the Regional Greenhouse Gas Initiative could have a sweeping impact on the state’s energy and manufacturing sectors. Pennsylvania in its role as an energy leader and innovator has secured significant reductions in emissions through a competitive market, all while keeping costs low for consumers. Pennsylvania is the largest producer of power in the 13-state PJM grid and is a net exporter of power. It is imperative that Pennsylvania maintains its leadership position in this regard, as well as improve its tax and regulatory climate for manufacturing and industry, as the state implements policy to reduce emissions and address climate change.
“We reiterate our concern that as proposed the rulemaking to join the Regional Greenhouse Gas Initiative does not include a mechanism to control against power generation shifting to other states who do not participate in the program. Such a result would mean there is no net change in emissions in the region, with the state losing out on jobs and investment. The business community looks forward to working with the General Assembly and the administration to address this and other concerns with this proposal, as it will take collaboration between all of us to develop and implement energy policy that protects the environment and grows the economy.”
The Pennsylvania Chamber of Business and Industry is the state's largest broad-based business association, with its statewide membership comprising businesses of all sizes and across all industry sectors. The PA Chamber is The Statewide Voice of BusinessTM.